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What PA’s proposed shift to combined reporting means for businesses
Pennsylvania is the latest to join a number of states overhauling their corporate tax structure, proposing changes that could complicate companies’ efforts to calculate uncertain tax positions. Earlier...
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5 Top State Tax Planning Tips
By Diane Tinney A decade ago, corporate state tax planners focused on shifting income from one entity to another to reduce or control state income tax burdens. Since then, states grappling with fiscal...
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U.S. Multinationals Attract State Attention
By Diane Tinney According to the Standard & Poor’s 500 FactSet, U.S. multinationals are enjoying much higher profits than in recent years, and had $1.43 trillion cash on hand at the end of 2014....
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Staying Current – State Income Tax Rates On the Move
By Diane Tinney Researching each state’s tax policies and then manually entering various rules and rates into a spreadsheet to conduct the necessary calculations is both time consuming and risky. As...
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The Best and Worst State Tax Climates for Businesses
Despite steady economic growth and upward employment trends, states across the country continue to compete fiercely for business investment. A state’s corporate income tax rate, however, is only part...
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The Top Tax Challenges of Market-Based Sourcing
State governments have a habit of jumping on the same tax reform bandwagon in hopes of generating greater revenue, without fully analyzing the impact to their administration. Nowhere is this more...
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How the Garden State is Tying to Reverse its Bad Tax Climate Reputation
Over the past few years, businesses and policymakers alike have called out New Jersey for its restrictive corporate tax environment. In the Tax Foundation’s 2015 State Business Tax Climate Index, the...
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Surveys Confirm that Regulatory and Compliance Burdens are Top Concerns for...
Vibrant State Income Tax Reform Likely Culprit A new Grant Thornton survey revealing that regulatory and compliance burdens top the list of concerns for finance chiefs has once again brought state...
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Regulatory Changes Drive Demand for CAOs (Chief Accounting Officers) and...
We have all heard of a CFO (Chief Financial Officer), but what about a CAO (Chief Accounting Officer)? While a more common staple at multi-national companies, the number of CAOs at domestic companies...
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State Tax Incentives Give Business Poaching a Boost
By Diane Tinney In the post-recovery years, state governments have doubled down on efforts to attract corporate investment, create jobs, and – most importantly – generate additional tax revenue. Local...
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Studies Coupled with Software Help Companies Address the State and Local Tax...
It is no surprise that state and local taxes are a major cost for businesses. It also is no surprise that the tax burden differs vastly between different states and industries. And while there is no...
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Tax Abatements Under Scrutiny with Impending GASB Statement No. 77
Historically, to achieve state income tax savings, a company had two options: either wait to be approached by a state official, or proactively seek tax relief themselves. As an example, in 2014, Nevada...
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Online Sales Tax Update: Are Retailers Prepared to Collect Sales Tax in All...
About $1.73 billion was spent online on Thanksgiving Day alone, a 25 percent increase from last year, according to Adobe Systems Inc. The entire holiday season is expected to bring in over $600 billion...
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COST Study Provides Insight Into the State and Local Business Tax Burden
Businesses paid more than $688 billion in state and local taxes in FY2014, an increase of 2.2% from FY2013. This is one of the key takeaways from the Council on State Taxation’s (COST) recently...
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Offset High State Income Tax Rates with Tax Incentives
Why High State Income Tax Rates Don’t Always Drive Businesses Away An example of just how valuable state tax incentives can be to businesses, as reported in the December Los Angeles Times, is that of...
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Accounting Today Names BNA State Tax™ Analyzer, from Bloomberg BNA, a Top New...
Accounting Today is one of the most respected thought leaders in the industry and their Top New Products category is highly regarded. This year, we are excited to announce that Accounting Today has...
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State Net Operating Losses (NOLs) can now be managed with BNA State Tax™...
We are thrilled to announce that BNA State Tax Analyzer can now help tax professionals with the cumbersome task of managing state NOLs. A big thank you to our customers for providing guidance and...
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Pass-Through Entities Add to State Income Tax Challenges
As if corporate income state taxes weren’t complicated enough, another layer of complexity will soon impact businesses. Recent changes to the federal audit rules are expected to spur increased federal...
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State Corporate Tax “Inversion” – Why More and More States are Considering...
Corporate inversion at the federal level has been the focus of much attention, with an estimated $2.1 trillion in American company profits sitting offshore. However, this is not just a...
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Improving Economy Makes State NOLs a Top Priority – New Study from Bloomberg...
Just last month, the unemployment rate held steady at 4.9%, which is considered good. With economic growth and corporate profitability going hand in hand, many corporate tax departments are starting to...
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